Mortgage calculators
 

What is Better: take a Second Loan or Pay PMI?

Input Information
Property Information
Home Value : ($)
Additional Information
Annual PMI :
Down Payment :
  Standard 80% Loan Second Loan
Interest Rate : (%) (%) (%)
Length : Yrs Yrs Yrs
Points : (%) (%) (%)
Closing Costs : ($) ($) ($)
PDF options are customizable. You may leave either "Let me print..." or "Send calculation results..." option on the screen.

Send to Email Address :
Name :
Phone # :

This is an example of in-page advertisement message. You will be able to change it on your own advertisement or information.

Do you like these calculators? Order now!

Financial Analysis (Switch to Plain English)
  Standard 80% Loan Second
Points Value : $2,700.00 $3,600.00 $300.00
Closing Costs : $1,200.00 $700.00 $1,000.00
Total Closing Costs : $3,900.00 $5,600.00
Down Payment : $30,000.00
Upfront Cost : $33,900.00 $35,600.00
Amount Financed : $270,000.00 $240,000.00 $30,000.00
Monthly PI : $1,449.42 $1,216.04 $253.16
Months With PMI : 78 0 0
Monthly PMI : $112.50 $0.00 $0.00
Monthly Payment : $1,561.92 $1,469.20
Total Interests Paid : $251,790.62 $213,344.38
Total PMI : $8,775.00 $0.00 $0.00
Total Payments : $530,559.60 $483,338.57
Plain English Help (Switch to Financial Analysis)
DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.